American anxiety about China shows that China has become a “near-peer” competitor to the United States. But the process of competition will not be dictated by the U.S. alone. The impact will only be revealed through interaction over time and the handling of key issues.

The deadline for China to reach the Phase 1 Trade Agreement targets has come and gone, and China has officially fallen short of its commitments. The two countries now must decide how to move forward.

Some of the Cold War experience, though it may not be an exact parallel, can be instructive. A pattern should be established to avoid dragging the world into a lose-lose scenario.

High-level dialogues in 2021 between China and the United State clarified their positions. Now it’s imperative that the two rivals avoid a new cold war by engaging in substantive working-level talks.

Strategic competition between China and the United States should be characterized not as a new cold war but as an uneasy peace. Shooting is not likely to break out, but the two countries will remain in dread of each other in the coming decade.

President Joe Biden inherited his predecessor’s strategy of great power competition, but he has now changed its style and approach. No longer is it “America alone” but a new method making better use of its values, position in global governance and strategic alliances.

The future of Sino-American relations rests with maximising the yield of what can be changed, and minimising the relevance of what can’t be changed. The multitude of differences that the U.S. and China can’t resolve must be set aside to allow for genuine change to take place.

While the United States talks about the need to prevent conflict with China, it engages purposefully in sabotage — especially regarding Taiwan and the South China Sea. While nations can design mechanisms to deal with unforeseen events, no guardrail can prevent a deliberate act.

President Joe Biden and Xi Jinping finally talked, but now comes the hard work of resolving differences and managing others to maintain the world’s most important bilateral relationship.

Though Xi Jingping’s absence from Glasgow’s COP26 summit has been roundly criticized, the virtual one-on-one summit between Xi and Joe Biden may have produced more actions of consequence, at a fraction of the cost.